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04 Jun

Where the Buyers Are

Posted June 4th, 2007 | View Comments

Where the buyers are, someone waits for me.

OK, speaking of comely brunettes, let’s not forget Connie Francis. Connie’s “Where the Boys Are” popped into my head when I started thinking about where the buyers are — and that chain of rumination began when I reviewed the market in Amador County earlier today. The reason this title popped into my head was that it seemed to me that the 15.3 months of inventory that sellers are having to contend with in Amador County is a fairly high figure.

I think we may have a winner for where the buyers aren’t, but that got me to wondering where they are — at least in our general neck of the woods. Needless to say, this wondering how Amador’s inventory compared to other areas around here led me to the inevitable bout of spreadsheet-itis, and the results are below.

We have a winner! The buyers are all to the west of here, in Yolo County, and, to a lesser extent, in Sacramento and Placer County. (Placer County to me is actually a bit of a surprise, since a few months ago they were contending with very high inventory relative to other areas).

Don’t get me wrong — more than six months of inventory still puts Yolo into the “buyers’ market” neck of the woods. It’s all a matter of degree.

County Sold in Last Year Average Monthly Available Now Inventory (Months)
Amador 469 39.1 600 15.4
El Dorado 1924 160.3 1824 11.4
Placer 4142 345.2 3147 9.1
Sacramento 13446 1120.5 10581 9.4
Yolo 1533 127.8 953 7.5

I think we should get a new Kennedy era diva’s photo with each smackerel of real estate news we publish from now on. Spoonful of sugar and all that. Now with that I know you’re primed for Julie Andrews week.

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